India's Budget Focuses on Infrastructure -- Update

TODAY: Feb. 28, 2015 PUB DATE: Feb. 28, 2015

By Anant Vijay Kala And Rajesh Roy NEW DELHI--India's government said Saturday that it would delay deficit-reduction plans to increase spending on infrastructure to help accelerate growth in Asia's third-largest economy. Finance Minister Arun Jaitley, presenting the national budget in ...

China New-Home Prices Fall in February Vs. January -- Update

TODAY: Feb. 28, 2015 PUB DATE: Feb. 28, 2015

By Esther Fung SHANGHAI--China new-home prices fell in February compared with the month before, reversing gains recorded in January as demand for homes decline during the Lunar New Year holiday, which is a seasonally slow period for sales. Sequentially, average ...

India Budget Focuses on Infrastructure

TODAY: Feb. 28, 2015 PUB DATE: Feb. 28, 2015

By Anant Vijay Kala NEW DELHI-India's government said Saturday that it would increase spending on infrastructure to help accelerate economic growth but the higher spending would mean it will take one more year to achieve its medium-term fiscal deficit target. ...

Fed's Yellen Meets With Conservative Activists

TODAY: Feb. 28, 2015 PUB DATE: Feb. 28, 2015

By Pedro Nicolaci da Costa A group of conservative activists worried the Federal Reserve has left interest rates too low for too long voiced their concerns directly to Janet Yellen, the central bank's chairwoman, during a meeting Friday. Ms. Yellen ...

After Yellen's Congressional Turn, Fed Officials Beat the Rate-Hike Drum

TODAY: Feb. 28, 2015 PUB DATE: Feb. 28, 2015

By Michael S. Derby Federal Reserve officials fanned out to drive home the message that they are likely to start raising short-term interest rates later this year, reinforcing Chairwoman Janet Yellen's remarks to Congress during this past week. Several central-bank ...

India Budget Plan Shuns Major Revamp

TODAY: Feb. 28, 2015 PUB DATE: Feb. 28, 2015

By Raymond Zhong And Niharika Mandhana NEW DELHI--Investors' hopes that Indian Prime Minister Narendra Modi will radically reshape economic policies and supercharge growth might soon need re-examining. On Saturday, Mr. Modi's government pledged greater spending to upgrade infrastructure and said ...

Berkshire's Vice Chairman Offers Hint of Warren Buffett Successor

TODAY: Feb. 28, 2015 PUB DATE: Feb. 28, 2015

By Anupreeta Das Berkshire Hathaway Inc. Vice Chairman Charlie Munger dropped the biggest hint yet that the conglomerate's future chief executive could either be Ajit Jain, the head of its reinsurance business, or Greg Abel, who runs its energy business. ...

China New-Home Prices Fall in February Vs. January

TODAY: Feb. 28, 2015 PUB DATE: Feb. 28, 2015

By Esther Fung SHANGHAI--China new-home prices fell in February compared with the month before, reversing gains recorded in January as demand for homes decline during the Lunar New Year holiday, which is a seasonally slow period for sales. Sequentially, average ...

As Brazil Tightens Belt, Other Woes Follow

TODAY: Feb. 28, 2015 PUB DATE: Feb. 28, 2015

By Paulo Trevisani And Rogerio Jelmayer BRASÍLIA--President Dilma Rousseff's administration, fearful of a potential loss of Brazil's investment-grade debt rating, is stepping up austerity measures, angering supporters and exacerbating an already painful economic slowdown. The government on Thursday announced a ...

China's Central Bank Cuts Interest Rates -- Update

TODAY: Feb. 28, 2015 PUB DATE: Feb. 28, 2015

By Lingling Wei BEIJING--China's central bank cut interest rates for the second time in less than four months, in a fresh sign that the country's leadership is becoming more aggressive in trying to arrest flagging economic growth. The rate cut ...

India Increases Military Budget By 11% to Nearly $40 Billion

TODAY: Feb. 28, 2015 PUB DATE: Feb. 28, 2015

By Santanu Choudhury NEW DELHI--India increased the amount of money it plans to spend on its military next fiscal year by 11% to nearly 2.47 trillion rupees ($40 billion) as the South Asian nation plans to continue to invest in ...

India Budget Focuses on Infrastructure

TODAY: Feb. 28, 2015 PUB DATE: Feb. 28, 2015

By Anant Vijay Kala NEW DELHI-India's government said Saturday that it would increase spending on infrastructure to help accelerate economic growth but the higher spending would mean it will take one more year to achieve its medium-term fiscal deficit target. ...

Oil Prices Rally Ahead of US Data -- 2nd Update

TODAY: Feb. 28, 2015 PUB DATE: Feb. 27, 2015

By Georgi Kantchev LONDON--Oil prices rallied on Friday ahead of key data expected to show another reduction in U.S. drilling activity. Crude futures have been whipsawing in recent weeks with the market weighing up signs of impending supply cuts and ...

China's Yuan Slumps on Growth Worries

TODAY: Feb. 28, 2015 PUB DATE: Feb. 27, 2015

By Anjani Trivedi China's yuan fell to its weakest level against the dollar in more than two years on Friday, extending a decline driven by the prospect of a slowdown in the world's second-largest economy. Investors have been selling the ...

Thailand's Slow Recovery Continues in January

TODAY: Feb. 28, 2015 PUB DATE: Feb. 27, 2015

By Nopparat Chaichalearmmongkol BANGKOK-Thailand's economy showed mixed signs of improvement in January, as tourist arrivals increased but consumption and investment remained flat, data from the Bank of Thailand showed Friday. More than 2.6 million tourists arrived in Thailand in January ...

Russia Proposes Maximizing Reserve Fund Use

TODAY: Feb. 28, 2015 PUB DATE: Feb. 27, 2015

MOSCOW--Russia's finance ministry has proposed increasing the maximum amount it can draw from the country's reserve fund by more than six fold, as the government faces strong economic headwinds and gaps in the oil-dependent budget, first deputy finance minister said ...

French January Consumer Spending Beats Expectations

TODAY: Feb. 28, 2015 PUB DATE: Feb. 27, 2015

PARIS--French consumer spending was stronger than expended in January, indicating the eurozone's second largest economy started 2015 on a firmer footing after three years of weak economic growth. Consumer spending--the largest factor of French economic growth--rose 0.6% in January from ...

French January Consumer Spending Beats Expectations

TODAY: Feb. 28, 2015 PUB DATE: Feb. 27, 2015

By William Horobin PARIS--French consumer spending was stronger than expended in January, indicating the eurozone's second largest economy started 2015 on a firmer footing after three years of weak economic growth. Consumer spending--the largest factor of French economic growth--rose 0.6% ...

South Africa Jan Trade Balance Swung to ZAR24.2 Billion Deficit

TODAY: Feb. 28, 2015 PUB DATE: Feb. 27, 2015

By Patrick McGroarty JOHANNESBURG--South Africa's trade balance swung to an unexpectedly wide deficit in January, the latest blow to an economy struggling against slow growth and widespread power outages. South Africa's revenue service on Friday said the country posted a ...